Forest Is a Mountain Man Living in Complete Isolation in Northern

question 78

Multiple Choice

Forest is a mountain man living in complete isolation in northern British Columbia.He is completely self-sufficient through hunting,fishing,and farming.He has not been in the city to buy anything in five years.One can infer

• A) the scarcity problem does not apply to Forest.
• B) Forest is not required to make choices.
• C) the scarcity problem still applies because more hunting means less fishing and so on.
• D) Forest is very satisfied.
• E) Forest knew the Prime Minister.

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Definitions:

Holder-in-Due-Course Status

Holder-in-due-course status refers to a legal protection granted to the holder of a negotiable instrument, who takes the instrument for value, in good faith, and without notice of any defects or claims against it.

Personal Defense

Legitimate reasons or arguments used by a defendant in a legal proceeding to challenge the enforceability of a demand made against them in a personal rather than real property context.

Real Defense

A liability defense that applies universally to all parties.

Warrants

Legal documents issued by a court or government official authorizing the police or another body to make an arrest, search premises, or carry out some other action relating to the administration of justice.